The Hindu Business Line : Sunday, April 06, 2003

Bank credit up Rs 10,746 cr
BANK credit has increased by Rs 10,746 crore to touch Rs 7,25,368 crore for the fortnight ended March 21 from Rs 7,14,622 crore in the previous fortnight. This is inclusive of food credit which declined by Rs 237 crore to touch Rs 49,479 crore ... More

PSU

Kalam sets store by technology knowledge
THE President, Dr A.P.J. Abdul Kalam, has urged the public and private sectors to think big and look at the world as one single market to make Indian economy stronger. He advocated focussing on the major areas of agriculture, food processing, ... More

POWER

States told to cut power losses with Centre's aid
THE Union Power Minister, Mr Anant Geete, has urged the States to come forward and utilise the Centre's financial assistance for bringing down the State electricity board's transmission and distribution (T&D) losses. Last month, the Cabinet ... More

TAXATION

VAT legislations — `States must stick to revenue neutral rate'
THE Value Added Tax (VAT) legislations of the States should not have any enabling provisions for increasing the revenue neutral rate (RNR) beyond the agreed 12.5 per cent, according to the PHD Chamber of Commerce and Industry (PHDCCI). In a ... More

TYRES

Demand for tyres seen rolling
DEMAND for passenger car tyres is set to grow at a compounded annual rate of growth (CARG) of 6.8 per cent between 2002-03 and 2011-12. According to a survey conducted by the National Council of Applied Economic Research (NCAER), the projected ... More

RADIO/TV

TV Today to launch English news channel
THE TV Today Network is launching its 24-hour English news channel, Headlines Today, which will begin broadcast on April 7. The free-to-air channel is the first English news channel to uplink from the country, according to a news release. The ... More

EDUCATION

`Emulate Australian model for quality education'
THE country should focus on quality of education to gain a leadership position in knowledge-based industries, according to Ms Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon India Ltd. Education underpinned the knowledge era and ... More

INDUSTRY ASSOCIATIONS

TEA allowed to issue certification
COIMBATORE: The Tirupur Exporters' Association (TEA) has been included in the list of trade bodies which have been permitted to issue the certification of origin (non preferential) for goods of exports to non-quota countries. The TEA has ... More

EXPORTS & IMPORTS

RBD palmolein import at lower duty ruled out — Finance Ministry no to States' proposal
"Under the present liberalised trading environment, it is not desirable to allow state-owned trading companies to import at a lower duty, since this would discriminate against the private trade. In any case, RBD palmolein imports are under the open g eneral licence," Ministry officials pointed out. More

Traditional items push exports up 20% in April-Dec
TRADITIONAL goods like textiles, gems and jewellery, chemicals and related products and engineering goods which constitute as much 65 per cent of the aggregate exports, were responsible for an accelerated 20 per cent export growth the country ... More